Thumbs -- Published Nov. 27, 2012

Tuesday

Nov 27, 2012 at 12:01 AM

The public-private economic development agency, the San Joaquin Partnership, last week circulated information from the Governor's Office of Business and Economic Development that puts the lie to those who said businesses are fleeing the state and that California is an economic dead end.

THUMBS UPThe public-private economic development agency, the San Joaquin Partnership, last week circulated information from the Governor's Office of Business and Economic Development that puts the lie to those who said businesses are fleeing the state and that California is an economic dead end.

According to GO-Biz, the state is the national leader in job creation with 295,300 new private sector jobs created in the 12 months ending in October and 574,900 new private sector jobs since the recovery began in February 2010.

And the report goes on:

» California created more private sector jobs in the last year than Texas, Oregon and West Virginia ... COMBINED!

» California's job growth rate of 2.1 percent is higher than the national average of 1.3 percent. So we are adding more jobs at a faster rate than the rest of the country.

» California has 274,000 fewer unemployed people from a year ago. The unemployment rate dropped 1.4 percent between October 2011 and October 2012, which is one of the top 10 biggest decreases in the nation.

» Because of California's diverse industry mix, we are able to add jobs in multiple high-paying sectors. Sectors like business and professions, health care, education, trade and transportation, information, and finance all posted significant increases over the last year.

» Information technology jobs have returned to their pre-recession levels.